FEAS Yearbook FEAS Yearbook 2024 | Page 100

Securities Depository Center of Jordan

About Company

Established: 10 May 1997

Address: Capital Market Building, Al - Mansour Bin Abi Amer Street, Al - Madina Al-Riyadiya District, Al-Abdali Area

Working Hours: 8:00 - 16:00

Contact Person: Suha Al-Khalil

Email: info@sdc.com

Website: www.sdc.com.jo

- Joined FEAS in 2005-

Sarah Adel Tarawneh

Chief Executive Officer

Year in review

The year 2024 was a successful year for the SDC as most of the plans and projects adopted within the strategic plan were concluded successfully, mainly:

1.            Launching the SDC New Website

2. Signing Agreement with Abu Dhabi Securities Exchange (ADX) to Join “Tabadul” Hub.

3.            Financial Settlement for Block Trades on the trading date (T+0) on the basis of (DvP).

      4.      The SDC launches the free “e-Portfolio” application for smart phones.

5.            Cyber-Security Enhancements.

6.            Signing of a Memorandum of Understanding with the Qatar Central Securities Depository (Edaa).

7.            Updating dormant accounts and the client’s securities balances.

8.            Updating the SDC’s system linked to the payments systems (RTGS & SWIFT).

9.            Updating the trading electronic system linked directly to the (Central Control Module -CCM).

10.        Updating the technical infrastructure of the SDC's main storage units.

Project of the year: Financial Settlement for Block Trades on the trading date (T+0) on the basis of (DvP)

Event of the year: Signing the agreements

These agreement comes within the framework of enhancing joint cooperation electronic linkage between the capital markets in the those countries (Qatar and UAE)

Change of the year: The service of Members Mail Box enables each SDC member to view the correspondences and memos in order to facilitate and accelerate the process of receiving those correspondences and memos to allowing members to take the necessary measures. During 2024, The SDC replaced this mechanism of correspondence between the Center and its members to become through the electronic notification system (M-Files) via the internal intranet, with the aim of creating a unified platform that enables each of its members to receive correspondence and notifications and enable them to take the necessary measures with the required speed.

Accomplishment of the year: Developing the new tier of services mainly e-portfolio that is available on smart phones, launching new website after trailing many versions to reach the mature website that meet the needs of its visitors to strengthen transparency and availability of information to all relevant parties and to the public, and it is very important to mention other projects on Q1 above as every project is major for us and pay attention thereto.

Word of the year: Dedication of employees in every project and their concern to do the maximum efforts to achieve it.

Person of the year: SDC employees

Member of the year: Arab Bank

The Federation of Euro-Asian Capital Markets